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Are we moving to a cashless society

This topic contains 65 replies, has 13 voices, and was last updated by  arandar > 7 days ago.

Discussions Politics Are we moving to a cashless society

Viewing 6 posts - 61 through 66 (of 66 total)
  • #1700404
    Anonymous
    Member since:
    Topics: 0
    Replies: 415
    Anonymous

    Before you all carrying on loco, this was on with three children and now!

     

    Calm your hemorrhoids!

    #1721679
    phun83179
    Member
    Member since: November 19, 2013
    Topics: 1
    Replies: 27
    phun83179

    I think a cashless society would suit Governments (wordwide) just fine!

    If you think it would be a good idea, think again!

    If there was no cash every transaction would be tracked. (or potentially could be.)

    I have a debit and a separate credit card, but I pay cash for 90% of my purchases by

    drawing a lump sum out once week. I notice a lot of people still pay with cash and I think, in the main, they are in the older age group. There are many times you need cash. If there is a raffle for a local group, they can’t take a credit card. If you are a casual passenger on a bus (and don’t therefore have a prepaid “Snapper” or “Hopper” card for example) you pay cash. If you want to pay a busker in the street its cash. I also find it more convenient to use coins in a parking meter.

    So to me “Cash is King”. I believe in Japan cash is still the preferred method of payment, so they are on the right track.

     

     

     

     

    phun83179

    #1721692
    don021
    Member
    Member since: May 15, 2012
    Topics: 0
    Replies: 1770
    don021

    It still astounds me why people use credit cards when it helps to increase the price of goods. Those transactions are not free, a small percentage of the price paid is taken by the bank that issued the card, mainly an Ausy. bank and they export billions of N.Z. dollars.I pay mainly by cash and support a N.Z. bank, the only one that distributes profits to its customers.

    #1724055
    doug139124
    Member
    Member since: March 19, 2018
    Topics: 3
    Replies: 56
    doug139124

    Interesting thought added charges/costs. Thought provoking.

    If I pay by cash or credit card the items still cost the same. But if I pay by credit card  I’m ahead of paying by cash. The cash payment still costs me the same, but without the benefit of free credit for 30 to 60 days until the bill arrives. Meantime I’m making interest on that money in the bank, yes it is small pennies but these are my pennies, and we all know money can grow tendered properly. How do you think money trees survive! Also any loyalty points I accrue in the process which can be turned into gift cards that then, get me free plastic money to spend on items that I would normally be purchasing anyway. Yes I’m ahead of cash payments so far.

    The other side of the coin is cash payments for goods and services, beating the GST and cheating the system. Here cash may be King with a tarnished look from cheating the system. The simple act of paying by cash in this situation is not cheating the system, but what the recipient does with the cash can be the cheating of the system. A moral judgement is called for here! Now I could have lost against cash, depending on my decision of which tender of payment.

    I guess then that in paying by cash we are subsidising credit card use from what you say, because you still pay the added cost in the overheads anyway. Something like southern driver subsidising northern drivers fuel prices or maybe petrol vehicles subsidising electric vehicles road user charges, soon to be stopped, according to the Govt. No matter which side of the coin you’re looking at, somebody is picking up the cost/charges somewhere. That somebody is us, Joe/Josephine or little Joey Public.

    Don’t forget there is a charge/cost to handling cash, which is also part of the overheads of doing business. Somebody has to count and reconcile it at the end of the day, even in the banks. So paying by cash is no free ride either!

    The reality is we are all paying the added charges/costs regardless of which way we offer tender, it is a consequence of doing business not the sole domain of using credit cards. The only ways to opt out of this that spring to mind, are, incarceration or death both of which have their own associated costs/charges as well.

    There is a cost/charge for coming into this World, there is a cost/charge for staying a while in this World and there is even a cost/charge for leave this World, you can’t get away from added costs or charges. You just have to suck it up and deal with it, pay by any means you want it still is going to cost/charge to  you one way or the other.

    I’m not sure if I’m ahead or not at this point, it comes down to the volume of cash I would be spending or sticking onto the credit card in the great summation of life.

    Through all this lets not forget that cash is the only legal tender in this country, and it is unlikely to be going anywhere soon. Cashless society, the closest I ever came to a cashless society was when I was unemployed. I had no cash and nor benefit either. Truly cashless! My how life can change.

     

     

    #1724079
    don021
    Member
    Member since: May 15, 2012
    Topics: 0
    Replies: 1770
    don021

    Thanks for those thoughts doug, I will never be convinced to use a credit card, the number of crimes I read about involving the things makes me think my pocket is the safest place to keep my few dollars.I am astonished that anyone fell for these latest scams asking, by ‘phone, for people to send large sums of money by post to unknown addresses. How could this happen??

    #1724158
    arandar
    Member
    Member since: November 23, 2009
    Topics: 31
    Replies: 10743
    arandar

    Excuse me for a moment. Sorry to interrupt. Apropos of nothing you two were talking about …

    … couldn’t we use this page for our political discussions?

    It’s right beneath the Current Affairs page which is the only other page I go to, and it would save having to scroll all the way down to the dungeons where we were confined after our misbehaviour of a few years ago.

    We can start new threads here just as easily.

    Thanks chaps.

    Arandar

Viewing 6 posts - 61 through 66 (of 66 total)

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